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Updated over 4 years ago on . Most recent reply
HOUSE HACKING QUESTIONS
Hello Bp! I have recently closed on a 4 Plex in the Tacoma WA area a few months ago using VA financing and owner occupying one unit. My question is would it be possible to Use my VA loan this year as a house hack, and then next year use FHA financing 3.5 down or 5% down financing to purchase an additional 4 Plex to house hack? I understand some may see this as being over leveraged but I would like to use all my low down payment options before I scale to larger deals.
Most Popular Reply
@Brandon Rush Thank you for the assistance yes I intend to be abiding by the occupancy requirements. I have about 36k worth of equity after the purchase. And it would cashflow if I wasn't owner occupying the unit. My plan was to use the FHA and then transition to bigger multifamily deals I will let you know how my journey goes! Thank you for your insight I wish you nothing but success in your future!